Research and innovation are essential for a successful, modern economy, and they are at the heart of the European Commission's policies to boost jobs, growth and investment. However, while Europe excels in research, we are not good enough at investing in innovation at speed and scale, which is why the EU’s Commissioner for Research, Science and Innovation, Carlos Moedas, has set the goal of Open Innovation. The basic premise is to open up the innovation process to all active players so that new ideas can circulate more freely and be transformed into products and services that create new markets, fostering a stronger culture of entrepreneurship.
The EU’s 2007-2013 research funding programme has had a ‘substantial’ impact on competitiveness in Europe, according to a European Commission report and the findings of an independent panel.
Researchers are getting ready to test a tobacco-powered aeroplane thanks to a new bio jet fuel made from the seeds of nicotine-free plants, and the result could be a 75 % reduction in carbon emissions compared to fossil fuels.
Sustainable farming practices and a chemical process that turns brown coal into organic compounds are bringing over-farmed fields back to good health, boosting crop yields and locking greenhouse gases underground.
Free flowing rivers have almost entirely vanished across Europe.
Animal droppings are still used to fertilise crops, as fuel and even for building.
R&I missions will mean rethinking the economy - Prof. Mazzucato.